June 14 (Reuters) - Torrens Group Holdings:
- LODGES PROSPECTUS WITH ASIC TO LIST AS PEXA GROUP LTD ON ASX VIA IPO
- AS PART OF IPO PROCESS, TORRENS GROUP HOLDINGS WILL CHANGE ITS NAME TO PEXA GROUP LTD
- OFFER EXPECTED TO RAISE GROSS PROCEEDS OF $1.175 BILLION, BASED ON OFFER PRICE OF $17.13 PER SHARE
- EXPECTS TRADING TO START ON CONDITIONAL AND DEFERRED SETTLEMENT BASIS ON 1 JULY, ON UNCONDITIONAL BASIS ON JULY 2
- PEXA WILL APPLY FOR ADMISSION TO ASX UNDER CODE “PXA”
- OFFER VALUES CO AT TOTAL ENTERPRISE VALUE OF $3.3 BILLION WITH A MARKET CAPITALISATION AT OFFER PRICE OF $3.0 BILLION
- ABOUT $216 MILLION OF PROCEEDS COMPRISE NEW SHARES, $959 MILLION COMPRISE SECONDARY OFFER BY EXISTING SHAREHOLDERS
Source: https://bit.ly/3xeBiQk
(([email protected];))
News: CBA PEXA Lodges IPO Prospectus With ASIC, To List In July
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